Shriram Finance Ltd
About
Shriram Finance Limited is one of India’s leading retail non-banking financial companies- NBFC and offers a diverse range of credit solutions, including loans for commercial vehicles, two-wheelers, cars, homes, gold, personal needs and small businesses. With a network of over 3,100 branches nationwide and assets under management totalling ₹2.43 lakh Crore, it serves the financial needs of more than 9 million rural and urban customers. Founded in 1974 by Mr. Ramamurthy Thyagarajan, Shriram Finance is part of the 50-year-old Shriram conglomerate and is recognised for its operational efficiency and cost-effective financial services. Backed by key investors like Piramal Enterprises with an 8.3% stake and Warburg Pincus, the company emphasises the growth potential of self-employment and small business enterprises in India’s evolving economy.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 36413 19.4% | 30508 58.3% | 19274 10.5% | 17436 5.2% | 16576 6.6% | 15557 14.1% | 13630 25.0% | 10904 5.2% | 10362 12.9% | 9180 8.3% | 8480 20.9% | 7015 13.7% | 6167 12.2% | 5496 22.3% | 4496 20.3% | 3739 - |
| Net Operating Income (INR Cr) | 36388 19.34% | 30492 58.35% | 19255 10.52% | 17422 5.20% | 16561 6.60% | 15536 15.06% | 13502 23.84% | 10903 5.25% | 10359 12.88% | 9177 8.27% | 8476 20.93% | 7009 13.54% | 6173 12.60% | 5482 22.02% | 4493 0.00% | 3697 48.16% |
| Profit (INR Cr) | 7366 22.6% | 6011 120.9% | 2721 8.9% | 2499 -0.5% | 2512 -2.5% | 2576 1.1% | 2549 101.4% | 1266 6.9% | 1184 15.1% | 1028 -24.3% | 1358 -7.2% | 1463 11.8% | 1309 7.5% | 1217 39.4% | 873 42.6% | 612 - |
| Assets (INR Cr) | 245173 17.9% | 208002 47.6% | 140940 9.9% | 128263 13.6% | 112877 8.7% | 103877 8.1% | 96141 37.9% | 69711 9.0% | 63972 8.8% | 58804 19.0% | 49413 14.4% | 43187 29.4% | 33384 17.4% | 28440 27.5% | 22304 -0.6% | 22438 - |
| Net Worth (INR Cr) | 48947 12.5% | 43513 66.8% | 26094 20.2% | 21717 19.7% | 18142 13.7% | 15963 16.6% | 13690 20.8% | 11332 11.4% | 10175 9.8% | 9266 8.9% | 8510 16.0% | 7338 21.6% | 6033 23.3% | 4893 27.3% | 3844 0.0% | 2317 27.5% |
| Employee Cost (INR Cr) | 3472 31.7% | 2636 164.4% | 997 10.0% | 906 -10.4% | 1011 14.5% | 883 18.6% | 745 27.8% | 583 -6.5% | 624 23.8% | 504 6.9% | 472 6.4% | 443 8.7% | 408 9.8% | 371 65.4% | 224 12.2% | 200 - |
| Interest Cost (INR Cr) | 15588 | 12987 | 9773 | 9089 | 8313 | 7564 | 6409 | 5219 | 5088 | 4706 | 4233 | 3092 | 2560 | 2320 | 2247 | 1978 |
| Cash & Bank Balance (INR Cr) | 11173 | 16307 | 16355 | 16442 | 7315 | 3981 | 3675 | 4445 | 2366 | 4761 | 7118 | 6352 | 5322 | 3711 | 4539 | 5785 |
| Total Debt (INR Cr) | 195496 | 164202 | 114846 | 106546 | 94735 | 87914 | 82131 | 53080 | 49790 | 46695 | 38630 | 33386 | 24137 | 20182 | 18460 | 20121 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 20.2% | 19.7% | 14.1% | 14.3% | 15.2% | 16.6% | 18.7% | 11.6% | 11.4% | 11.2% | 16.0% | 20.9% | 21.2% | 22.1% | 19.4% | 16.4% |
| Profit As % Of Assets | 3.0% | 2.9% | 1.9% | 2.0% | 2.2% | 2.5% | 2.7% | 1.8% | 1.9% | 1.8% | 2.8% | 3.4% | 3.9% | 4.3% | 3.9% | 2.7% |
| Profit As % Of Networth | 15.1% | 13.8% | 10.4% | 11.5% | 13.9% | 16.1% | 18.6% | 11.2% | 11.6% | 11.1% | 16.0% | 19.9% | 21.7% | 24.9% | 22.7% | 26.4% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 16.0% | 17.3% | 11.3% | 12.5% | 14.7% | 17.3% | 20.4% | 11.8% | 12.2% | 11.6% | 17.1% | 21.9% | 24.0% | 27.9% | 22.7% | 29.6% |
| ROCE | 11.3% | 12.2% | 9.9% | 10.3% | 10.8% | 11.3% | 12.4% | 10.7% | 11.2% | 11.8% | 13.4% | 13.7% | 14.6% | 16.4% | 16.0% | 14.9% |